L-3 to Buy Back Shares

This video talks through the L3 (LLL) stock buyback.  They are buying 10 billion in stock back over a 2 year time frame.  He believes that weapons spending may move lower but L3 should be in a good position.  L3 is cheap relative to their peers; they have a low p/e ratio relative to their peers and they have good cash flow yield which provides it a safe haven status. 

Additionally, they have very low pension benefit obligations, near 20%, which is substantially lower than their peers.  He believes that their organic growth in 2009 should increase as they are getting strong support from the government.
Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

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